The Late Show with Stephen Colbert never fails to entertain, and the latest episode was no exception. Host Stephen Colbert, with his trademark wit and charm, tackled some of the most pressing issues in the news right now. From the ongoing Trump trade war to the implosion of the world economy, Colbert didn’t hold back in his commentary.

One of the main topics of discussion was the recent stock market plummet, which has wiped a staggering $4 trillion off its value. Colbert highlighted the alarming risk of a recession, which experts now estimate to be at 40%. Even Fox News, known for its support of the Trump administration, couldn’t downplay the severity of the situation, resorting to blaming a potential recession on Joe Biden.

The stock market woes were further exacerbated by Trump’s trade war with Canada. Colbert pointed out that 85% of the electricity imported into the United States comes from our friendly neighbors to the north. Yet, in response to Trump’s tariff threats, Ontario announced a 25% tax increase on electricity exports to the US. Colbert humorously quipped that Canadian electricity is powered by “pure natural beaver in a big wheel.” Trump retaliated by threatening to increase Canadian tariffs to 50%, causing further economic chaos.

But the host didn’t stop there. Colbert turned his attention to the automotive industry, where Tesla and its CEO, Elon Musk, have taken quite a hit. Musk’s net worth plummeted by more than $16 billion in just one day due to Tesla’s falling stock prices. To add fuel to the fire, some Tesla owners have even reported being called Nazis in parking lots simply for driving a Tesla. In an attempt to rebrand their cars, owners have been attaching logos from other popular car brands, such as Audi, to their Teslas. Bumper stickers bemoaning Elon Musk‘s recent controversies have also become popular among Tesla owners.

Surprisingly, Trump came to Musk’s defense, accusing the left of collusively boycotting Tesla. In a somewhat bizarre move, Trump and Musk even shot a car commercial in the White House driveway, using five Teslas as props. It seems that Trump is determined to support Musk through thick and thin, even though he mistakenly referred to the company as “Tesla” and “Hitler” in the same sentence.

To round off the episode, Colbert turned the conversation to the recent measles outbreak. RFK Jr., notorious for his anti-vaccine stance, made an appearance to discuss the outbreak. However, he drew criticism for linking the outbreak to poor diet and malnutrition instead of emphasizing the importance of vaccination. Colbert humorously noted that you can’t catch measles from eating garbage, highlighting the need for clear and accurate information on public health issues.

All in all, this episode of The Late Show with Stephen Colbert was filled with laughter, witty commentary, and a dose of reality. Colbert never shies away from addressing the most pressing issues and providing his unique perspective. Whether it’s the economic turmoil caused by the Trump trade war or the controversies surrounding Elon Musk and his Tesla empire, Colbert delivers an entertaining and thought-provoking show that keeps viewers engaged.